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  • #1,341
  • May 7, 2009 4:23pm May 7, 2009 4:23pm
Quoting mike w
It looks like tonight/tomorrow is going to give us that retracement for the yen pairs by the looks of the daily closes.
The aussie trade is going along good now. I hope you got in on that retracement Roger!

Other than that, I ended up deciding on the cad'jpy and eur/jpy to trade out of the jpy pairs as they are the best situated.
I dream, therefore I become.
  • #1,342
  • May 7, 2009 8:22pm May 7, 2009 8:22pm
Quoting mike w
The aussie trade is going along good now. I hope you got in on that retracement Roger!

Other than that, I ended up deciding on the cad'jpy and eur/jpy to trade out of the jpy pairs as they are the best situated.

Good for you Mike! I just never was around to see the PA to get in long. There was a set up on the 4 hr charts that I would have taken if I was near my screen when it happened. That's OK. Good for you bro! I'm still doing OK on my USD/CAD positions and I hope that cable will deliver the short money over the next couple of days.

K.I.S.S.
  • #1,343
  • May 9, 2009 12:05pm May 9, 2009 12:05pm
Quoting KissFan
Good for you Mike! I just never was around to see the PA to get in long. There was a set up on the 4 hr charts that I would have taken if I was near my screen when it happened. That's OK. Good for you bro! I'm still doing OK on my USD/CAD positions and I hope that cable will deliver the short money over the next couple of days.

K.I.S.S.

Oh man! The Usd/cad has been cruising on down as of late. I had a position earlier on it but didn't hold as we were getting to an area of support. That's great. Looking at it, the next major form of weekly support will be around 1.1350 or so. Let me know your thoughts on it so that I can just follow along.
I dream, therefore I become.
  • #1,344
  • May 10, 2009 11:05am May 10, 2009 11:05am
I'm going to take this time out today to say thank you Mom. You've always been there for me through everything. I say it a lot that a few of the guys on this forum are the reason I'm still in this business but barely ever note that my mother is the reason I stayed with it initially.
I dream, therefore I become.
  • #1,345
  • May 11, 2009 9:12am May 11, 2009 9:12am
Quoting mike w
I'm going to take this time out today to say thank you Mom. You've always been there for me through everything. I say it a lot that a few of the guys on this forum are the reason I'm still in this business but barely ever note that my mother is the reason I stayed with it initially.
Patience + Discipline - Greed = Success
  • #1,346
  • May 11, 2009 8:29pm May 11, 2009 8:29pm
Quoting mike w
Oh man! The Usd/cad has been cruising on down as of late. I had a position earlier on it but didn't hold as we were getting to an area of support. That's great. Looking at it, the next major form of weekly support will be around 1.1350 or so. Let me know your thoughts on it so that I can just follow along.
Hey Mike. I have closed my last short position on this pair. We have what looks to be a two day pin off the 365 (daily tf). I'll be looking at this pair to move higher from here. I will likely take a long position at the break of 1.1750.
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  • #1,347
  • May 12, 2009 10:35am May 12, 2009 10:35am
Quoting KissFan
Hey Mike. I have closed my last short position on this pair. We have what looks to be a two day pin off the 365 (daily tf). I'll be looking at this pair to move higher from here. I will likely take a long position at the break of 1.1750.
I was stopped out of my eur/jpy and cad/jpy positions in profit on the sunday open, while the aussie trade is still running strong. I'll be closing it at .7700. Other than that, I jumped in the BEOVB on the NZD/JPY and the bearish pin on the nzd/usd (which isn't looking so hot as there is support right there). It is at a very good "zone" although .5900 will be tough to break. If it doesn't I'll be out for a loss.
I dream, therefore I become.
  • #1,348
  • May 12, 2009 10:39am May 12, 2009 10:39am
Hi Mike, good to see you nailing the pips as usual bro! Have you been taking any trades on cable recently?
Patience + Discipline - Greed = Success
  • #1,349
  • May 12, 2009 10:41am May 12, 2009 10:41am
Quoting KissFan
Hey Mike. I have closed my last short position on this pair. We have what looks to be a two day pin off the 365 (daily tf). I'll be looking at this pair to move higher from here. I will likely take a long position at the break of 1.1750.
Nice trade my man! I'm thinking the same, however with a grain of salt. Check out the support turned resistance area at 1.1800-1.1850. This could just be a test of that area and then short again. I'm no fortuneteller though, so we'll just see if and when it gets to that point. I'd be long too on any 4 hour bullish pa however.
I dream, therefore I become.
  • #1,350
  • May 12, 2009 10:44am May 12, 2009 10:44am
Quoting Infinity
Hi Mike, good to see you nailing the pips as usual bro! Have you been taking any trades on cable recently?
ya know what brother, I haven't really seen too much an cable that's been impressing me lately. There hasn't been any really solid pa on the weeklies or the dailies for me. I know cable's your gem though, how's she been treating you?
I dream, therefore I become.
  • #1,351
  • May 12, 2009 10:57am May 12, 2009 10:57am
Quoting mike w
ya know what brother, I haven't really seen too much an cable that's been impressing me lately. There hasn't been any really solid pa on the weeklies or the dailies for me. I know cable's your gem though, how's she been treating you?
I know what you mean bro! The higher timeframes have been a bit tricky of late...especially from daily up... It has been treating me very well as I have trading mainly from the h4 down to m15. If I see any solid setups on the higher timeframes, I will share it in here.

Anyway, take care bro and I wish you continued success in trading and life generally.. Talk to you soon..

Ryan
Patience + Discipline - Greed = Success
  • #1,352
  • May 12, 2009 10:59am May 12, 2009 10:59am
Quoting Infinity
I know what you mean bro! The higher timeframes have been a bit tricky of late...especially from daily up... It has been treating me very well as I have trading mainly from the h4 down to m15. If I see any solid setups on the higher timeframes, I will share it in here.

Anyway, take care bro and I wish you continued success in trading and life generally.. Talk to you soon..

Ryan
Yeah I hear that my man. That's why I've been staying away a bit as I don't normally trade the lowers. And awesome for sharing!

Here's one to look at if you trade the gbp/chf. I posted the chart in the James16 thread. It's looking pretty nice if we get a close like this.
I dream, therefore I become.
  • #1,353
  • May 12, 2009 2:58pm May 12, 2009 2:58pm
I've jumped in on the aud/cad and also the gbp/chf short. These are based off the hourly charts until we see a break on the 4 hour charts then I will place my stops lower and add to the aud/cad.

entries were at .8887 and .6885.
I dream, therefore I become.
  • #1,354
  • May 12, 2009 3:09pm May 12, 2009 3:09pm
Quoting mike w
I've jumped in on the aud/cad and also the gbp/chf short. These are based off the hourly charts until we see a break on the 4 hour charts then I will place my stops lower and add to the aud/cad.

entries were at .8887 and .6885.
Aud/Cad shows divergence on the 4 hr and daily. Resistance at .8900. No PA on those TF's yet but I see why you are taking a position from the 1 hr. Thanks for showing your trade here. I enjoy following along.

K.I.S.S.
  • #1,355
  • May 12, 2009 3:21pm May 12, 2009 3:21pm
I waited to take this one till today to take as I wasn't comfortable taking it yesterday. Now that the price has retraced up I have shorted two positions at .6060 the 61.8% fib retrace of the BEOB from yesterday. Stop loss at .6136. First tp @ .6000 and the second at .5950. We'll see what shakes here. I know that this pair could move higher and could be testing the .6000 level for a move up but this is a trade that I have been successful with more often than not. Divergence-BEOB at swing high-R/R is reasonable. As always-small risk 2% total.
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  • #1,356
  • May 12, 2009 3:38pm May 12, 2009 3:38pm
Quoting KissFan
I waited to take this one till today to take as I wasn't comfortable taking it yesterday. Now that the price has retraced up I have shorted two positions at .6060 the 61.8% fib retrace of the BEOB from yesterday. Stop loss at .6136. First tp @ .6000 and the second at .5950. We'll see what shakes here. I know that this pair could move higher and could be testing the .6000 level for a move up but this is a trade that I have been successful with more often than not. Divergence-BEOB at swing high-R/R is reasonable. As always-small risk 2% total.
Nice looking on all notes Roger! That .5900ish area looks like it could be rough if we even get there at all. If we do and break past, I'll be setting my stops right down above that. I'm also doing this trade in sections like you are. First stop at .5950 and then lower down the line if that breaks.

As for the other two trades I've taken, I'm only risking a verrrryyy small amount on both as my stop losses are only 30 pips away from entry.
I dream, therefore I become.
  • #1,357
  • May 13, 2009 8:58am May 13, 2009 8:58am
Quoting mike w
I've jumped in on the aud/cad and also the gbp/chf short. These are based off the hourly charts until we see a break on the 4 hour charts then I will place my stops lower and add to the aud/cad.

entries were at .8887 and .6885.
Stops are set to break even on these trades as they run through. The weeklies are bearish biased.

The nzd/usd and nzd/jpy trades are set to break even as well.
I dream, therefore I become.
  • #1,358
  • May 13, 2009 9:24am May 13, 2009 9:24am
There's a nice possibility coming up on the eur/nzd. This hour may close as a pin bar, but I am going to wait for the 4 hour to close out and break below before any entries.

First area of support is 2.2650. I'll be playing this with 3 positions. First one will close at that point, while the second and third will keep running with stops set to B/E. If it breaks that area, my stops will be set to just above that general area.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd poss.gif Size: 16 KB
I dream, therefore I become.
  • #1,359
  • May 13, 2009 10:26am May 13, 2009 10:26am
Well, the one hour cooperated so now we'll see what happens for the 4 hour bar in a bit. I'm going outside! Damn, it's a beautiful day to be alive.
I dream, therefore I become.
  • #1,360
  • May 13, 2009 12:16pm May 13, 2009 12:16pm
Quoting mike w
Well, the one hour cooperated so now we'll see what happens for the 4 hour bar in a bit. I'm going outside! Damn, it's a beautiful day to be alive.
Nope! She didn't want to play. And I'm not seeing any opps on other pairs for the 4 hour either so I'm off again. Have a good one!
I dream, therefore I become.
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